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Latest IOST News: Partnerships, Mainnet and More

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With the third quarter of 2018 almost over, the fourth quarter brings with it lots of optimism in terms of technical developments for our favorite crypto projects as well as the market performance of the corresponding digital assets. In the case of IOSToken (IOST), lots of new developments have been eclipsed by the current bear market that has led to the total market capitalization of the crypto market falling to $200 Billion. The digital asset of IOST has not been spared by the current decline and is currently trading at $0.012 having dropped from comfortable levels of $0.017 only a few days ago.

But with the new week ahead, it is good to recapitulate on the recent IOST news and why they give us more reason to be bullish about the token as we enter the fourth quarter of 2018.

Recent IOST news and Partnerships

The IOSToken team have managed to seal a few partnerships in the past few days.

On the 14th of September, the team announced via Twitter that they were partnering with the offline tech school of Code Chrysalis which provides intensive coding boot camps for engineers. IOST will be partnering with the school to launch and offer blockchain coding courses in the near future.

On the same day, the IOST team announced that they were partnering with Mantra to form a tamper-proof charity ecosystem. The announcement would further state that:

“As a public chain project, IOST also pays attention to the impact that blockchain technology will have on charitable activities, and has been working hard to promote blockchain’s many uses for charitable organizations.

In the future, IOST will provide technical support for Mantra, and will help to make Mantra’s donation information and fund usage publicly available through an information query system in order to build a tamper-proof, trustless and transparent charity infrastructure.” 

A few hours ago, the team at IOST have tweeted a new partnership with the team at Ginco. This firm is behind one of Japan’s most popular cryptocurrency wallet of the same name. IOST will be added to their digital wallet and will be co-hosting an event in Tokyo with the team at Ginco later on in the year. The full tweet making the announcement can be found below:

Technical Updates

The team at IOST also updated the community about the recent technical developments. With regards to the consensus protocol on the IOST network, the team has fixed a bug that was affecting receipts. They also added transaction deletion endpoints and designed a voting system that is yet to be reviewed. Other technical updates included upgrading the peer-to-peer network and IOST’s virtual machine. More on this can be found on their Medium.com page.

Tokyo Office And Expansion in Japan

The team has been aggressively pushing for the expansion of IOST in Japan for the last two weeks. They have officially opened an IOST Tokyo office located in the Blink Smart Office workplace.

IOST also welcomed two new team members to their Japan team. They include  Makoto Ota, who will be leading Business Development in the Japanese market and Kanna Sato, who will be the Community Manager for IOST in Japan. Both new team members have experience in the startup industry in Japan and will assist in the smooth operations in the country.

In conclusion, the IOST project continues to make major strides and according to its updated roadmap. According to the same roadmap, the public Testnet will be launched in Q4 with the highly anticipated Mainnet being launched in early 2019. Look for more exciting IOST news to come.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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